How much is land worth in Elwell, Michigan?
The median price for land in Elwell, Michigan is currently $18K per acre. For a typical parcel, the median sale price is $18K. Recently, the cheapest land sold for $18K while premium lots reached $18K.
Elwell, Michigan Land Market Statistics
Comprehensive market data and analysis• Updated Oct 2026
Active Listings
0
Sold (12M)
1
Median Price
$18K
Market Condition
Very Hot Seller's Market
Elwell, Michigan Market Meter
Very Hot Seller's Market
0.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
Market Overview
Median Price
$18K
Avg Price/Acre
$18K
Avg Days on Market
72
Months of Supply
0.0
YoY Price Change
-
New Listings (3M)
0
Land Market Data by Acreage
Data Type:
View:
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 1 | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 1 | 1 | 1 |
📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.
Market Trends & Analysis
Inventory by Acreage (12 Months)
Sold
For Sale
0-1 acres1 sold / 0 listed
Median Price by Acreage
$0$9K$18K
0-
1
Acreage buckets
Key Market Indicators
Total Sales Volume
$18K
Last 12 months
Active Listings
0
Current inventory
Avg Days on Market
72
Time to sell
Price Trend (YoY)
-
Year over year
Elwell, Michigan Land Market Analysis
How long does it take to sell land in Elwell, Michigan?
Land in Elwell, Michigan typically sells within 72 days of listing. The median time on market is 72 days. Properties are moving at a moderate pace in the current very hot seller's market.
What is the total amount sold in Elwell, Michigan last year?
Over the past 12 months, Elwell, Michigan saw 1 properties sold, totaling $18K in sales volume. In just the last 3 months, 1 properties changed hands.
What is the average price per acre in Elwell, Michigan?
Land in Elwell, Michigan averages $18K per acre. The median price per acre is $18K, which may be more representative of typical transactions. Most parcels sold are around 41,382 sq ft.
What is the median land price in Elwell, Michigan?
The median land price in Elwell, Michigan stands at $18K. This translates to roughly $18K per acre for the typical parcel size.
Is now a good time to invest in land in Elwell, Michigan?
The current absorption rate in Elwell, Michigan is 100.0% (3-month basis), indicating strong demand.
What is the absorption rate for land in Elwell, Michigan?
The 3-month absorption rate in Elwell, Michigan is 100.0%. The 12-month rate is 100.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Data Sources & Accuracy
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
Land in Elwell
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